LBTT & Leases

In this webinar, Bob Langridge and Scott Bell aimed to demystify the LBTT treatment of leases and answered some frequently asked questions including:

• three yearly, assignation and termination returns – the importance of "effective" and "relevant" dates;
• transitional leases – SDLT and stamp duty leases entering the LBTT regime;
• dealing with uncertain rents;
• aariations to leases – extensions vs surrender and regrant; and 
• Opco / Propco structures and the exempted lease trap.